Federal Reserve Bank of Boston
Conference Series ; [Proceedings]
Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments
Historical experience suggests an important role for some deviation from the most restricted form of rational expectations in inflation dynamics, but also shows that other aspects of sluggish price adjustment – such as nominal rigidities, are important; and the available indicators of inflation expectations show that imperfect information regarding central bank intentions has been one source of inertia in inflation expectations.
Cite this item
Michael T. Kiley, "Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments"
, Federal Reserve Bank of Boston, Conference Series ; [Proceedings], volume 53, number y:2008:n:53:x:8, 2008.
Keywords: Inflation (Finance) ; Unemployment ; Phillips curve
This item with handle RePEc:fip:fedbcp:y:2008:n:53:x:8
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